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re: Is one major cause of wealth disparity a poor rate of return on social security?

Posted on 5/29/14 at 8:43 am to
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 5/29/14 at 8:43 am to
quote:

There was an earlier one regarding personal income vs inflation.

Do you not understand that I was responding to TA's hypothetical?
quote:

quote:

In short, total compensation has not kept pace with increases in productivity.


Why should it?

TA's contending that IF compensation hasn't kept pace with increased productivity, why should it? He's questioning whether or not that would even be a bad thing. I respond that IF it were a good thing, then you would have to conclude wealth disparity is a good thing.

Even if, as you say, it is not the cause of our current disparity, that is not to say it wouldn't cause disparity if it existed.

I'm still not convinced by your response that compensation HAS kept up with inflation. But that's besides the point of TA's response.
Posted by Taxing Authority
Houston
Member since Feb 2010
57453 posts
Posted on 5/29/14 at 8:47 am to
quote:

I'm still not convinced by your response that compensation HAS kept up with inflation.
Umm. Those numbers are from the census. They are already inflation adjusted.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124424 posts
Posted on 5/29/14 at 8:58 am to
quote:

TA's contending that IF compensation
I thought your contention was that wage-growth commensurate with inflation-rate had not taken place. Was that not the basis for TA's response?
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124424 posts
Posted on 5/29/14 at 9:01 am to
quote:

I'm still not convinced by your response that compensation HAS kept up with inflation.
Source of those numbers was the U.S. Department of Commerce, Bureau of Economic Analysis, Survey of Current Business.

Do you have another?
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